apples iphone 11 launch fails to impress asian markets

Asian markets woke up to a brand new phones from Apple, but the iPhone 11 has failed to excite locals, which are used to getting feature-packed phones on a budget. Apple lower price for its entry level model, from the $750 iPhone XR to $700 for the iPhone 11, caused some discussion but analysts are skeptical.

They believe this move aims to recapture lost ground in China, where Apple’s market share has been slipping in recent quarters as people flock to Huawei phones (partly to support the home-grown brand in the midst of the US trade war, but also because of pricing considerations).